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Telecom reforms to stimulate liquidity, create an enabling climate for 5G

Telecom reforms to stimulate liquidity, create an enabling climate for 5G

According to Monday’s Economic Survey 2021-22, telecom sector reforms will boost 4G proliferation, infuse liquidity, and create an enabling atmosphere for investment into 5G networks.

It added that the reforms were also expected to boost 4G proliferation and infuse liquidity, creating an enabling environment for investments in 5G networks.

The Economic Survey presented in Parliament said that reform measures will boost penetration and proliferation of broadband and other connectivity.

A number of steps have been taken to reform the Indian telecom sector, which is second in the world for telecommunications market, in addition to expanding its telecom infrastructure.

A strong regulatory framework has ensured service access at reasonable prices. The government is taking further steps to ensure fair competition between service providers in order to benefit consumers.

According to the survey, telecom is one the most important sectors that have an impact on the economic and social development of a country.

The same can be seen in key metrics like growth in total phone subscriber base, steady rise in internet subscribers, broadband connections, and other key metrics.

The fierce competition in India’s telecom sector has led to the telecom sector becoming data-driven in India over the past few years. This has further boosted data usage.

One example is the average wireless data usage per data user per monthly of 14.1 GB in Q1 FY22. This compares to just 1.24 Gb per month in Q1 Fiscal18.

“Reflecting that telecom operators have well realised their potential in the sector, and seized the opportunity for building up an infrastructure that will be crucial in boosting the governments Digital India campaign”, the number of mobile towers has increased substantially to 6.93 lakhs towers by December 2021.

It stated that the BharatNet flagship project had laid 5.46 million km of optical fiber cable, and that 1.73 lakh Gram Panchayats, or GP, have been connected to Optical Fiber Cables (OFC). 1.59 lakh Gram Panchayats can be service-ready with OFC as of September 27, 2020.

Aspirational districts scheme also provides a boost for the telecom infrastructure. Meanwhile, the emphasis on the provision submarine optical fibre cable infrastructure to spur high-speed internet connectivity and broadband connectivity will be emphasized. 

On the first day in Budget session, Nirmala Sitharaman, Finance Minister, presented the Economic Survey 2021-22 and Statistical Appendix to the Lok Sabha.

With agency inputs

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